- Filecoin secures decentralized storage with proof-of-replication & proof-of-spacetime, reducing censorship risks & reliance on cloud servers.
- BitTorrent integrates blockchain to incentivize file sharing, offering VPN services & ad-free browsing for enhanced decentralized access.
- Handshake disrupts centralized DNS, enabling secure blockchain-based domain ownership.
Blockchain is redefining data storage with decentralized solutions. Projects like Filecoin, BitTorrent, Handshake, and Lambda provide secure, private, and censorship-resistant alternatives to traditional storage systems.
Filecoin(FIL) Approach to Decentralized Storage
Current price: $3.34
Market cap: $2.14B
The Filecoin decentralized storage network provides an open system market which allows data storage and retrieval among participants. The platform functions as the Interplanetary File System (IPFS) incentive layer which depends on blockchain technology for validating storage commitments between other users. Network transactions operate using FIL as the primary cryptocurrency of the network.
The storage operations on the network depend on proof-of-replication and proof-of-spacetime consensus to protect data security and enable users to retrieve their information. Filecoin achieves file storage decentralization which offers users a better choice to traditional cloud servers while minimizing both concentration threats and censorship risks.
BitTorrent(BTT) Integration with Blockchain
Current price: $0.0000008586
Market cap: $856.47M
BitTorrent has integrated blockchain technology to enhance its operations. BitTorrent facilitates incentivized file sharing through BitTorrent Speed.
The platform enables users to exchange bandwidth and resources efficiently while maintaining a decentralized framework. It also offers premium services, including VPN integration and ad-free browsing, expanding its utility beyond traditional file-sharing applications.
Handshake(HNS) Decentralized Naming System
Current price:$0.009009
Market cap: $5.85M
Handshake focuses on decentralizing domain name ownership by replacing the traditional root DNS naming system with a blockchain-based solution. By eliminating reliance on centralized entities like ICANN, Handshake enhances internet security and reduces vulnerabilities associated with centralized control.
The project utilizes a proof-of-work mechanism to secure domain name registrations, allowing users to manage their internet identities without external oversight. This model ensures greater transparency and resilience against cyber threats.
Lambda(LMB) Role in Secure Data Storage
Current price: $0.001393
Market cap: $2.29M
Lambda serves as a blockchain-operated platform which enables safe decentralized data storage that maintains efficiency. The platform operates within the Ethereum network to safeguard data privacy and maintain its integrity through cryptographic verification.
The network encourages stakeholder participation by implementing rewards that compensate participants for contributing to its security. The platform operates with high-speed capabilities to run a range of decentralized applications thus accommodates versatile data management functions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
